September 18, 2014
Investor-owned utilities see proposed federal regulations to trim power plant carbon emissions as “generally workable,” but have identified 20 areas of concern that need to be addressed by the Environmental Protection Agency, the chairman of the Edison Electric Institute said Thursday.
Ted Craver, chairman, president and chief executive officer of Edison International and chairman of EEI, which represents investor-owned utilities, told a Washington, D.C., conference that one of the group’s biggest concerns with the EPA’s Clean Power Plan (CPP) regulation is the timetable for reducing power plant emissions of carbon dioxide (CO2).
“Timing is probably the single most critical area for utilities,” said Craver, who spoke on a panel at a conference sponsored by the Georgetown Climate Center and the investment firm Lazard. “The 2020 to 2030 period will be a big focus for utilities….”